FELV vs. SPHB ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to PowerShares S&P 500 High Beta Portfolio (SPHB)

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.77

Average Daily Volume

106,920

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

SPHB

PowerShares S&P 500 High Beta Portfolio

SPHB Description

The PowerShares S&P 500 High Beta Portfolio (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a security's price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$93.52

Average Daily Volume

225,024

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FELV	SPHB
30 Days	5.81%	4.60%
60 Days	6.22%	4.41%
90 Days	8.26%	10.93%
12 Months	30.69%	31.00%

40 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in SPHB	Overlap
ADBE	C	0.37%	0.76%	0.37%
ADI	D	0.04%	1.05%	0.04%
AES	F	0.16%	0.73%	0.16%
AMAT	F	0.42%	1.37%	0.42%
AMD	F	0.02%	1.44%	0.02%
AMZN	B	0.08%	0.92%	0.08%
ANSS	B	0.01%	0.78%	0.01%
AVGO	D	0.12%	1.47%	0.12%
BLDR	D	0.01%	1.12%	0.01%
CAT	B	0.54%	0.69%	0.54%
CCL	B	0.13%	1.05%	0.13%
CEG	C	0.17%	0.99%	0.17%
CRM	B	0.22%	0.93%	0.22%
DELL	C	0.08%	1.26%	0.08%
ETN	A	0.76%	0.97%	0.76%
F	C	0.33%	0.78%	0.33%
HPE	B	0.21%	0.82%	0.21%
INTC	D	0.85%	1.29%	0.85%
IQV	D	0.17%	0.71%	0.17%
KEY	B	0.18%	0.76%	0.18%
KLAC	D	0.03%	1.45%	0.03%
META	D	0.21%	0.99%	0.21%
MGM	F	0.21%	0.96%	0.21%
MU	D	0.86%	1.24%	0.86%
NFLX	B	0.19%	0.84%	0.19%
NTAP	B	0.12%	0.8%	0.12%
NVDA	C	0.17%	1.77%	0.17%
PH	A	0.12%	0.81%	0.12%
PHM	D	0.01%	0.77%	0.01%
PYPL	B	0.79%	0.78%	0.78%
QCOM	F	0.5%	1.18%	0.5%
QRVO	F	0.11%	1.05%	0.11%
RCL	A	0.15%	0.92%	0.15%
SWKS	D	0.13%	1.08%	0.13%
TROW	A	0.13%	0.74%	0.13%
TXN	D	0.16%	0.83%	0.16%
UAL	B	0.03%	0.92%	0.03%
VST	B	0.07%	1.41%	0.07%
WDC	C	0.14%	1.01%	0.14%
ZBRA	A	0.32%	0.86%	0.32%

FELV Overweight 292 Positions Relative to SPHB

Symbol	Grade	Weight
BRK.A	B	3.64%
JPM	B	2.93%
XOM	C	2.51%
BAC	A	1.77%
WMT	A	1.76%
UNH	B	1.57%
PM	A	1.31%
PG	A	1.24%
WFC	A	1.22%
CMCSA	C	1.13%
CSCO	A	1.07%
GE	C	1.05%
JNJ	D	1.02%
T	A	1.02%
GILD	B	0.92%
SCHW	A	0.88%
PFE	D	0.85%
ABBV	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
SQ	C	0.7%
PNC	A	0.7%
RTX	D	0.7%
VZ	B	0.68%
RSG	A	0.66%
LMT	D	0.64%
NOC	D	0.63%
SPGI	B	0.63%
BK	A	0.63%
CVNA	B	0.62%
MMM	C	0.6%
CI	D	0.6%
AON	A	0.59%
SEIC	A	0.58%
PPG	D	0.57%
CCI	D	0.57%
CME	A	0.57%
NSC	A	0.57%
TMUS	A	0.56%
COP	D	0.56%
ABT	B	0.54%
CL	D	0.54%
ALLE	D	0.54%
MS	C	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	C	0.53%
ZM	B	0.52%
PSA	C	0.52%
TT	A	0.52%
ECL	D	0.5%
SSNC	A	0.5%
DD	D	0.48%
C	B	0.48%
LDOS	D	0.47%
COF	B	0.47%
CACI	D	0.46%
LIN	D	0.46%
LHX	C	0.45%
HD	B	0.45%
WAB	A	0.45%
CTAS	A	0.43%
DBX	C	0.42%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	A	0.38%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
PGR	A	0.35%
EXEL	A	0.35%
TPH	C	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
CSX	B	0.34%
ACN	B	0.34%
NUE	D	0.34%
GS	A	0.34%
DVN	F	0.34%
FTV	B	0.33%
LPX	B	0.33%
STLD	B	0.33%
KR	A	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	B	0.3%
BIIB	F	0.3%
FR	D	0.28%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
VEEV	B	0.28%
MO	A	0.28%
TOL	B	0.28%
MA	A	0.28%
GL	C	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TJX	A	0.28%
IBM	C	0.27%
TDC	D	0.27%
SYK	B	0.26%
AME	A	0.26%
WTW	A	0.26%
VICI	C	0.25%
CLX	C	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	A	0.25%
WM	A	0.25%
EXC	C	0.24%
KMI	B	0.24%
TFC	B	0.24%
CNC	F	0.23%
CINF	A	0.22%
ED	C	0.22%
Z	B	0.22%
DOCU	B	0.22%
OC	B	0.22%
DOC	C	0.22%
INCY	B	0.22%
SKYW	A	0.21%
JCI	C	0.21%
AXP	A	0.2%
VMI	A	0.2%
MSI	B	0.2%
EQIX	A	0.2%
PNR	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
ALL	A	0.19%
BSX	B	0.19%
MSCI	B	0.19%
AAPL	A	0.19%
SPG	A	0.18%
ITT	B	0.18%
ICE	D	0.18%
TMHC	B	0.18%
ZG	B	0.18%
EIX	A	0.17%
DHR	D	0.17%
PRU	A	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	B	0.17%
EQR	A	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	0.16%
CCK	D	0.16%
PFG	C	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	A	0.15%
ILMN	C	0.15%
JXN	B	0.15%
AMGN	F	0.15%
OXY	F	0.15%
KMB	C	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	0.13%
WDAY	C	0.13%
ES	D	0.13%
SOLV	C	0.12%
ITW	A	0.12%
SO	C	0.12%
WMB	B	0.12%
EEFT	B	0.12%
HWM	B	0.12%
KHC	D	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
EA	B	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
GRMN	B	0.11%
ELV	F	0.11%
AMH	C	0.11%
BMRN	D	0.11%
TPR	A	0.1%
ADTN	B	0.1%
ADM	D	0.1%
BKR	C	0.1%
CRC	B	0.1%
ADP	A	0.1%
PEG	A	0.1%
MHO	C	0.1%
FANG	F	0.09%
A	D	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	C	0.09%
WBD	C	0.09%
KD	A	0.09%
GPN	C	0.09%
ACT	C	0.09%
MCK	B	0.09%
VRTX	D	0.09%
CRUS	D	0.09%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
LH	B	0.08%
HON	B	0.08%
BBWI	C	0.08%
IFF	D	0.08%
ALRM	C	0.08%
AEP	C	0.08%
CMG	B	0.07%
REG	A	0.07%
BYD	B	0.07%
LYFT	C	0.07%
LOW	C	0.07%
WCC	B	0.07%
NWL	B	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	0.06%
MDLZ	F	0.06%
OGE	A	0.06%
NMRK	B	0.06%
DFS	B	0.05%
TRMB	B	0.05%
SAM	C	0.05%
CTRA	B	0.05%
FHI	A	0.05%
GLPI	B	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	0.05%
NEM	F	0.05%
AM	A	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	C	0.04%
HL	F	0.04%
CWEN	C	0.04%
BKH	B	0.04%
CTRE	D	0.04%
AXTA	B	0.03%
MSA	C	0.03%
SYF	A	0.03%
TFX	F	0.03%
RGA	A	0.03%
EXTR	B	0.03%
WS	B	0.03%
RJF	A	0.03%
ALKS	B	0.03%
DHI	D	0.03%
NWS	B	0.03%
MATX	C	0.03%
CWEN	C	0.02%
AYI	C	0.02%
SWI	B	0.02%
OKTA	C	0.02%
OGN	D	0.02%
BERY	B	0.02%
ITRI	B	0.02%
BIO	D	0.02%
WOOF	D	0.02%
MWA	B	0.01%
TNL	B	0.01%
TGT	F	0.01%
FTDR	B	0.01%
MUR	F	0.01%
CXT	B	0.01%
ROP	B	0.01%
DGX	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%
M	D	0.01%

FELV Underweight 60 Positions Relative to SPHB

Symbol	Grade	Weight
SMCI	F	-2.57%
PLTR	B	-1.78%
TSLA	B	-1.64%
ALB	C	-1.59%
TER	D	-1.49%
LRCX	D	-1.39%
ON	D	-1.37%
MPWR	F	-1.3%
SNPS	B	-1.23%
CDNS	B	-1.21%
CRWD	B	-1.21%
ANET	C	-1.2%
NXPI	D	-1.19%
MCHP	D	-1.17%
CZR	D	-1.17%
PWR	A	-1.15%
DECK	B	-1.05%
ENPH	F	-1.01%
ALGN	D	-1.01%
NCLH	B	-0.99%
URI	B	-0.99%
KKR	A	-0.98%
KEYS	B	-0.98%
BX	B	-0.95%
FSLR	F	-0.94%
UBER	D	-0.93%
KMX	B	-0.91%
APH	B	-0.91%
JBL	C	-0.9%
ABNB	C	-0.9%
GNRC	B	-0.9%
NOW	A	-0.89%
BXP	C	-0.87%
ADSK	B	-0.87%
ORCL	B	-0.87%
PODD	B	-0.86%
APTV	F	-0.81%
ROK	B	-0.81%
FCX	F	-0.81%
PANW	B	-0.81%
IVZ	B	-0.81%
DAL	B	-0.81%
HUBB	B	-0.81%
INTU	C	-0.8%
CRL	D	-0.8%
CARR	D	-0.8%
STX	D	-0.79%
EL	F	-0.79%
IR	A	-0.78%
LULU	C	-0.76%
IDXX	F	-0.75%
MSFT	C	-0.74%
IT	C	-0.74%
MHK	D	-0.74%
LW	C	-0.73%
DAY	B	-0.73%
EFX	D	-0.7%
TECH	C	-0.69%
MRNA	F	-0.67%
CE	F	-0.6%